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The U.S. prefilled syringes market size was worth USD 2.87 billion in 2023 and is anticipated to grow at a CAGR of 11.3% during the forecast period.
A prefilled syringe is a unit-dose delivery device pre-loaded with the drug to be injected. These syringes are disposable and provide efficient dosage accuracy owing to the exact filling of the drug. The advantages associated with these syringes, such as convenience, ease of use, improved safety, accurate dosing, reduction in drug waste, and more, are the key factors leading to the rising adoption of these products.
Moreover, the increasing preference of healthcare providers toward biologics is further boosting the demand for these syringes as these devices spare expensive biologics by reducing drug waste and avoiding secondary contamination. The impact of the COVID-19 pandemic on the U.S. market was positive in 2020 due to the rapid use of these syringes for easy administration of the coronavirus vaccine. Furthermore, it increased demand for such syringes in the U.S. during the COVID-19 pandemic.
Gradual Shift Toward Biologics and Specialty Drugs to Boost Market Growth
Biologics & specialty drugs are complex molecules derived from living organisms. These drugs have specific storage and handling requirements, where prefilled syringes play a crucial role. This is leading to the rising adoption of these syringes by pharmaceutical and biopharmaceutical companies.
Also, owing to the increasing applications and more effective nature of biologics, there is a rapid shift toward biologics, gaining the attention of key players. Rising investment in these products leads to increasing approvals and is anticipated to increase the adoption of these syringes.
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Rising R&D Investment and Introduction of New Products to Drive Market Growth
The increasing focus of key market players to develop innovative products leads to market expansion with a wider range of products to cater to a vast patient pool. To incorporate innovation on existing and new products, key companies invest a significant amount in R&D and product approvals leading to new products that further drive market growth.
Moreover, the increasing patient pool suffering from chronic conditions, including rheumatoid arthritis, multiple sclerosis, and hormonal replacement therapy (HRT), among others, are leading to higher demand for prefilled syringes for drug delivery. Therefore, the growing prevalence of chronic diseases and disorders further boosts the demand for these syringes and is anticipated to contribute to U.S. prefilled syringes market growth during the forecast period.
Rising Number of Product Recalls to Disrupt the Brand Value and Limit Market Growth
The complex manufacturing and drug-filling process in the syringes creates multiple chances of infections. A prefilled syringe has 4 components, and any contamination in any one component may attract the attention of the FDA in the country. Recalls are associated with substantial financial losses for manufacturers, impact financial position, and limit these companies' investment in R&D, further limiting market growth.
Based on material, the market is bifurcated into glass and plastic.
In 2022, the glass segment captured the largest market share due to its less impact on the environment and high acceptance of glass compared to plastic leading to more penetration of glass as a material. However, owing to the high chances of material breakage and leaching into the drug, there is a rapid shift toward prefilled plastic syringes which is anticipated to register a notable growth rate during the forecast period.
The closing system segment is categorized into luer lock form system, luer cone system, and staked needle system.
The staked needle system segment held a larger share in 2022 due to the reduced risk of medical error and improved & streamlined workflow. However, the luer lock form system is anticipated to register faster growth owing to its strong leak-proof connection between the syringe and needle, reducing the chances of accidental detachment. Also, these systems are more compatible with other accessories, such as filters, extension lines, or infusion sets, leading to more product adoption. Thus the advantages associated with the luer lock form system and increasing product launches will likely contribute to market growth during the forecast period.
The product segment is categorized into components & accessories and complete syringe sets.
The complete syringe set segment accounted for a larger U.S. prefilled syringes market share in 2022 due to the rising adoption of self-injecting parenteral devices among patients leading to increased demand for a complete syringe set. Also, the increasing prevalence of diabetes is one of the key factors encouraging the use of a complete syringe set while performing the self-administration of insulin.
The design segment is categorized into multiple-chamber, double-chamber, and single-chamber.
In 2022, the single-chamber segment held the largest share. The segment is anticipated to grow significantly owing to cost-effectiveness, compatibility, and its long storage and shelf life compared to double or multiple chambers. However, dual chamber prefilled syringes are emerging as a better-suited solution owing to high quality and convenient drug delivery, gaining customers' attention, and is expected to grow during the forecast period.
The end user segment is categorized into contract research & manufacturing organizations, pharmaceutical & biotechnology companies, and others.
Due to the rapid expansion of the pharmaceutical & biopharmaceutical companies, the segment accounted for the largest market share among end users. Also, an increasing orientation of healthcare professionals toward biologics and biosimilars is anticipated to contribute to the segment’s growth in the coming years.
Key players such as Becton Dickinson and Company (B.D.), Gerresheimer AG, and SCHOTT AG accounted for significant market share in 2022. The increasing R&D expenditure, rising number of product approvals, and strong distribution network of the key market players in the U.S. are the key factors driving the market growth during the forecast period.
Moreover, other emerging players, such as AptarGroup, Inc. and Nipro PharmaPackaging International, continuously create product awareness with their active participation in exhibitions and other key strategies.
Thus, expansion in product offerings along with increasing strategic alliances are expected to enable companies further to strengthen their market presence.
An Infographic Representation of U.S. Prefilled Syringes Market
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The U.S. prefilled syringes market report provides a detailed analysis of the market. It focuses on key aspects such as regulatory scenarios, market trends, and technological advancements. Additionally, it includes new product launches, key industry developments such as mergers, partnerships, & acquisitions, and the impact of COVID-19 on the market. Besides this, the report also highlights key industry dynamics.
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2023-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 11.3% from 2024 to 2032 |
Unit | Value (USD Billion) |
Segmentation | By Material
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By Closing System
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By Product
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By Design
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By End User
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Fortune Business Insights says the U.S. market was worth USD 2.87 billion in 2023.
The market is expected to exhibit a CAGR of 11.3% during the forecast period (2024-2032).
By material, the glass segment account for a considerable proportion of the market.
BD, Gerresheimer AG, SCHOTT AG, and West Pharmaceutical Services Inc. are the top players in the market.
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